Business News

Last updated: Tuesday, May 24, 2016 6:50:03 PM

Falling oil prices short-term phenomenon: Oil secretary
New Delhi, Dec 22 (IANS) Oil secretary R.S. Pandey Monday described the current drop in oil prices as a short-term phenomenon, and said prices would definitely rise.

Monday, December 22, 2008 1:35:10 PM

Hinduja Foundries shuts plant till Jan 6
Chennai, Dec 22 (IANS) The Hinduja group's automotive foundry company Hinduja Foundries has shut down production till the first week of next month owing to reduced offtake from customers.

Monday, December 22, 2008 1:24:51 PM

India lifts ban on cement exports
New Delhi, Dec 22 (IANS) With a significant increase in both the production and off-take of cement in India, the government has lifted the export ban on the commodity with immediate effect, a senior commerce ministry official said Monday.

Monday, December 22, 2008 1:04:24 PM

Another auction for hydrocarbon assets next quarter: Deora
New Delhi, Dec 22 (IANS) India will hold the next set of auctions to award exploration and production contracts for hydrocarbon assets in the country during the first quarter of 2009, Petroleum Minister Murli Deora said here Monday.

Monday, December 22, 2008 12:57:12 PM

Rajya Sabha adjourned again -- over insurance bill
New Delhi, Dec 22 (IANS) The Rajya Sabha was adjourned for the third time Monday shortly after noon, this time following a scuffle between ruling and opposition MPs over the insurance bill.

Monday, December 22, 2008 12:35:49 PM

Range bound Indian equities struggle to stay afloat
Mumbai, Dec 22 (IANS) With positive cues from their Asian peers, Indian equities opened on a positive note during the penultimate trading week for 2009 beginning Monday, but struggled to remain in the green amid high volatility.

Monday, December 22, 2008 11:49:37 AM

Manmohan Singh to hold meeting on affirmative action
New Delhi, Dec 22 (IANS) Amid reports of lay-offs by the corporate sector in the wake of economic slowdown, Prime Minister Manmohan Singh has scheduled a meeting with all apex chambers here Monday evening to protect the interests of workers from socially backward sections of the society.

Monday, December 22, 2008 11:29:32 AM

Indian leather industry feels heat of global meltdown
Kolkata, Dec 22 (IANS) The Indian leather industry is shrinking due to the global economic meltdown. Leading players fear a 25-30 percent drop in exports and job losses in the long run.

Monday, December 22, 2008 11:25:17 AM

Little Christmas cheer for Indian tourism
New Delhi, Dec 22 (IANS) Vipin Sharma, a Delhi-based travel agent, says he has lost over Rs.2 million worth of business this season. The Mumbai terror attacks and global economic recession almost seem to have pushed India off the tourism map.

Monday, December 22, 2008 11:15:19 AM

Indian equities move up, but remain range bound
Mumbai, Dec 22 (IANS) Indian equities opened on a positive note during the penultimate trading week for 2009 beginning Monday, with a key index ruling with a gain of more than 50 points over the previous close, some 20 minutes into trading.

Monday, December 22, 2008 10:28:16 AM

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